Tailwind Shipping Lines introduces TEX Service

Tailwind Shipping Lines has launched a new service from Bangladesh to Europe called the Tiger Express (TEX) service. The service is named after the Bengal tiger and will connect Chittagong, Barcelona, Moerdijk, Chittagong, with a transit time of less than 20 days between Chittagong and Barcelona. The TEX is scheduled to start from 11 March 2023 with the 917 teu FAITH. The service will operate on an irregular frequency with 3 ships of 800-900 teu on a 17 day frequency. Tailwind had already opera


US destocking to continue with weak Walmart 3Q numbers

Walmart's 3Q 2022 sales performance showed declining general merchandise sales while inventory levels remain high, providing a cautious near term outlook for container volume. Sales increased 9% driven primarily by grocery items and partly by inflation but general merchandises were down a low single digit percentage, according to Walmart's announcement on 16 Nov 2022. Walmart's inventory level was up 8% QoQ and 13% YoY. The elevated inventory to sales ratio since 21Q3 suggests that de-stockin

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